CyrusOne Inc. (NASDAQ:CONE) – Equities research analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for CyrusOne in a research note issued on Friday. Jefferies Group analyst J. Petersen now expects that the brokerage will earn $3.74 per share for the year, down from their previous estimate of $3.85. Jefferies Group currently has a “Buy” rating and a $55.00 target price on the stock.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $59.00 price objective (up previously from $57.00) on shares of CyrusOne in a research note on Tuesday, November 1st. Barclays PLC raised shares of CyrusOne from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $50.00 to $57.00 in a research note on Thursday, August 18th. Finally, Bank of America Corp. set a $58.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.82.
Shares of CyrusOne (NASDAQ:CONE) traded up 0.613% during trading on Monday, hitting $43.515. 335,633 shares of the stock traded hands. CyrusOne has a one year low of $32.42 and a one year high of $57.00. The firm has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The business had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $136.21 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.51%. CyrusOne’s payout ratio is 723.84%.
Several hedge funds and other institutional investors have recently bought and sold shares of CONE. Geode Capital Management LLC increased its position in CyrusOne by 11.6% in the first quarter. Geode Capital Management LLC now owns 477,319 shares of the company’s stock valued at $21,789,000 after buying an additional 49,668 shares during the last quarter. Springbok Capital Management LLC bought a new position in CyrusOne during the first quarter valued at about $103,000. BNP Paribas Arbitrage SA increased its position in CyrusOne by 33.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,480 shares of the company’s stock valued at $973,000 after buying an additional 4,340 shares during the last quarter. DAVENPORT & Co LLC bought a new position in CyrusOne during the second quarter valued at about $320,000. Finally, Nisa Investment Advisors LLC increased its position in CyrusOne by 733.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,000 shares of the company’s stock valued at $278,000 after buying an additional 4,400 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.